Elliot Wagner
How do HELOCs with high utilization rates affect mortgage FICO scores (FICO 2, 4, 5)?
We have a few HELOCs with 97% - 99% utilization rate with balances in the range of $70K - $200K. How do these affect mortgage FICO scores 2, 4, 5? I keep reading completely conflicting advice where some sources say HE...
Collin Hays
Government-sponsored extortion, Sevier County style
Recently, Sevier County TN commissioners voted to require a "permit" for all short-term rentals in the county, "to ensure that all short-term rental units in Sevier County meet minimum safety standards." Of course, t...
Nick Ragland
Landlord Insruance/Fire dwelling coverage
Hi BP,I converted my SFH into 2 units a year ago. I’ve been house hacking one side and I’m renting out the other side. I’m considering fire dwelling coverage or “landlord insurance” to protect myself in the event tena...
Chris Penny
Smaller units vs larger units in Multi-famil
Hi, all. Looking for a 5+ unit multi-family property. Wanted to ask those of you with more experience...it seems to me that if I bought a property with all studios or small one-bedrooms, that the property would have ...
Quintin Green
I created an LLC, now what?
Hey Yall, so Im a new investor in South Jersey and I just created an LLC through the government website and I have my EIN number. What are the next steps i Need to take so Im not taxed as a sole proprietor and that I ...
Fili Aguirre
Selling for sale by owner in 2022?
I've always heard that selling for sale by owner is a bad idea, but is it true? When is it a good idea to sell for sale by owner?
Derek Wilson
Dogwood Duplex in Belmont NC
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $145,000
Cash invested: $10,000
Sale price: $240,000
My first investment!! A house-hacked duplex. One si...
Dan Sayre
Is there a tsunami in April?
A source for the banking sector said that lenders have given a significant number of borrowers forbearance to get through Covid shutdowns.But forbearance is ending.
And borrowers will need to pay all the back paymen...
Edwin Campos
ARV on a 860k property
Hello,
I have a question, how do I estimate the arv on a high end property that has been flooded here in Houston and it’s worth 860k? Is it the same rule as the 70%?
Truth is I have never gotten a house at this pric...
Jorge Vazquez
Do you dislike your PM team? Fair or unfair?
After managing and investing in properties for the past 20 years, I suggest this: Consider carefully if a Property Manager (PM) aligns with your goals. Yes, there might be a cash flow impact, but weigh it against the ...